Managerial EconomicsPlease limit your comments to eight pages. Your paper should not summarize the material in the assigned readings; rather, it should use the information in the readings to answer the questions posed below. * Do you agree that the ‘poor states are no longer clustered at the bottom of the growth’. Trace the growth of these states/ miracle economies for the period 2004-05 to 2009-10 and also make a comparative assessment of their growth with respect to the traditionally dominant, leading states and All-India averages as well, for the same period. * ‘Wide-spread growth can take place only when it is all inclusive’. Please comment. * Discuss the performance of Indian Economy for the past five years with reference to key development indicators. Digging deeper:

India’s growth has experienced a significant change in the past five years. India’s record GDP growth of 8.49 percent per year during the past five years is considered as an outcome of increased productivity and growth in states, which contributed to rapid growth at the national level. The acceleration did not originate in the metros but in poor states We have long viewed some states like Gujarat and Maharashtra as naturally fast growing, while others like Bihar and Uttar Pradesh as absolute failures. These old notions have been established as wrong in India’s five years of miracle growth, from 2004-05 to 2008-09. Such growth is possible only when only when there is productivity improvement across all regions of the nation, all sectors of the economy and all strata of the society. This assignment...